A report on the Integrated Marine Automation System Market has been recently published by Stratview Research. This Market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the Integrated Marine Automation System Market. The historic years considered for the study are 2015-2020 the base year is 2021, and the forecast period is 2021-2026.

The study includes an in-depth analysis of type, application, and regional segments. It also includes a Market channel, distribution, and customer analysis, industry cost analysis, Market analysis by application, production, revenue, and price trend analysis by type, production and consumption analysis by region, and various other Market studies.

Market Analysis

Integrated Marine Automation System Market is likely to witness a timid CAGR of 2.2% during the forecast period. Factors such as growing seaborne trade, mounting compliance with maritime safety protocols, and advancement in maritime tourism are driving the global integrated marine automation system market.

The Market is segmented by Ship Type (Commercial Ships, Defense), by Component Type (Product, Services), by End-User Type (OEM, Aftermarket), by Solution Type (Power Management System, Vessel Management System, Process Control, and Safety System), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

This report also focuses on the short- and long-term implications of the novel Coronavirus pandemic on Integrated Marine Automation System Market at the global, and regional dimensions. To evaluate the percentage of loss or profit to the industry, the report also compares pre-COVID and post-COVID scenarios.

Report Features

The report delivers a detailed view of the industry based on Integrated Marine Automation System Market size, Market growth, and opportunities. The report also analyses Market key aspects such as-

–           Market structure: Overview, industry life cycle analysis, supply chain analysis

–           Covid-19 Impact analysis.

–           Market environment analysis: Growth drivers and constraints, and SWOT analysis.

–           Market trend and forecast analysis.

–           Market segment trend and forecast.

–           Competitive landscape and dynamics: Market share, product launches, etc.

–           Attractive Market segments and associated growth opportunities.

–           Emerging trends.

–           Strategic growth opportunities for the existing and new players.

The research provides in-depth analysis of the important elements that drive Market growth, including growth potential, opportunities, current Market trends, industry-specific obstacles, and dangers.

Key Segments Integrated Marine Automation System Market Report Covers:

Based on the ship type, the market is segmented as commercial ships and defense. The commercial ships segment is expected to grow at a higher CAGR in the coming five years. Upsurge in seaborne trade coupled with the rising demand for lessening functional costs for ships by arming them with automation systems is anticipated to boost the growth of the market.

Based on the component type, the market is segmented as product and services. The product segment is estimated to register a higher growth during the forecast period. Installation of various software, hardware, datalinks, and connectivity in marine automation systems is significantly contributing to the high growth of this segment.

Based on the end-user type, the market is segmented as OEM and aftermarket. The OEM segment is expected to depict a higher growth in the coming five years. Escalating seaborne trade across the globe is anticipated to pave the path for new shipbuilding orders, which in turn, will lead to an increase in the demand for OEM integrated marine automation systems for new ships.

Based on the solution type, the market is segmented as power management system, vessel management system, process control, and safety system. The vessel management system segment is estimated to be the largest segment, during the forecast period, encompassing different subsystems, such as alarm monitoring system, dynamic positioning system, and machinery management, among others.

In terms of regions, the integrated marine automation system market is dominated by Europe with the highest-estimated growth rate for the coming five years. Despite the shipbuilding industry sailing through a rough ride currently, the claim for self-governing ships and cruise ships in Europe is anticipated to bolster the integrated marine automation system market in this region. North America and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

According to the report, brands or companies that are leading globally in this Market are –

  • ABB Group
  • API Marine Inc.
  • Consilium AB
  • Honeywell International Inc.
  • Kongsberg Gruppen ASA
  • MTU Friedrichshafen
  • Marine Technologies, LLC
  • Praxis Automation Technology
  • Siemens AG
  • Thales Group.

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